Financial Operations Services

Virtual Paralegal Services helps solo and small firms be more profitable by providing back office financial support. By allowing VPS to manage financial operations, firms ensure accurate billings and eliminate lost time. In addition, attorneys can focus on more substantive tasks and rely on VPS to manage time, billing, and collections. VPS’s team of back office support personnel are experienced in law firm operations and provide an efficient and effective means of managing financial operations.

Time Keeping

• Submit time and activity via phone, dictation, email, web, or electronically
▪ Time and activity is transcribed into preferred formats and made billingready
▪ Setup new clients and matters
▪ Weekly time reports provided

Billing

• Create invoices, prepare for attorney review, and send to clients
▪ Provide phone and email support for client billing questions

Payables & Receivables

• Enter vendor invoices and assign billable costs to clients
▪ Manage payments from clients
▪ Manage 1099s
▪ Manage IOLTA accounts, transfers, and distributions
▪ Manage collections and dunning process